AES

Transactions (September 2014)

Duke Energy Progress agreed to purchase $1.2 billion of certain generating assets from North Carolina Eastern Municipal Power Agency; Acquisitions by PSEG Solar Source and SunEdison; Exelon will provide equity financing for 21 MW of Bloom Energy fuel cell projects; Debt issues from Calpine and NRG Yield Operating.

AES Sells 100% of its Equity Interests in 87.5 MW of Operating Wind Projects in the United Kingdom for $160 Million

AES entered into an agreement with SYND Holdco Limited, a joint venture of Greencoat UK Wind PLC and Swiss Life Funds Global Infrastructure Opportunities to sell 100% of its equity interests in four operating wind projects in the United Kingdom, totaling 87.5 MW, for $160 million, subject to customary purchase price adjustments. This transaction includes four operating wind projects in the United Kingdom: 28.6-MW Drone Hill; 22-MW North Rhins; 20.5-MW Sixpenny Wood; and 16.4-MW Yelvertoft.

Transactions (May 2014)

Sunrun acquires AEE Solar and SnapNrack; FirstEnergy completes sale of hydroelectric power stations to Harbor Hydro Holdings; Alterra acquires Shannon wind project from Horn Wind.

Digest

ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.

Transactions (March 2014)

SCE&G acquires larger share of VC Summer nuclear project; APS buys SCE's share of Four Corners power plant; Allete (Minnesota Power) acquires from AES 231 MW of wind farms in four states; EdF acquires 194-MW Texas wind project; NRG issues $1.1 billion in bonds; ComEd floats $650 million in two tranches; plus transactions involving TransCanada, Alterra, PSEG, and others totaling $3.4 billion.

ALLETE Clean Energy Finalizes Acquisition of Wind Farms for $27M

ALLETE Clean Energy (ALLETE) finalized the purchase of wind farms in Minnesota, Iowa and Oregon from AES. ALLETE acquired the operating wind energy projects for $27 million and all three wind farms - with a total output of 231 MW - have PPAs in place for their entire electric output. ALLETE also signed in November an option agreement to acquire a fourth wind farm from AES in mid-2015. Pursuant to that option agreement, ALLETE will have an option to acquire the 101MW Armenia Mountain, Penn., wind farm.

Digest

Siemens and Accenture joint venture on smart grid management systems; CenterPoint picks Itron for RF meter rollout; Memphis picks Elster electric, gas, and water AMI system; TransAlta acquires Wyoming wind farm from NextEra; NRG acquires Edison Mission Energy assets; Google to invest in Imperial Valley solar project; Sempra acquires Nebraska wind project; plus contracts and announcements from Babcock & Wilcox, Echelon, PJM, California ISO, and others.

Transactions (December 2013)

NRG and Sempra acquire Edison Mission assets; Google invests in AES-Riverstone venture; TransAlta acquires NextEra wind farm; plus debt issues from TransCanada, NiSource, Duke, and Southwest Gas totaling $2.4 billion.

The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

People (September 2013)

Southern Power names William Grantham CFO; Allen Leverett succeeds Gale Klappa as Wisconsin Energy president; Derek Porter ascends to DPL president; OGE CFO Sean Trauschke becomes president of OG&E; plus personnel announcements at New York ISO, Washington UTC, the Smart Grid Interoperability Panel, and others.